TITLE 14

ESTATES OF DECEDENTS

CHAPTER 5

REVISED UNCLAIMED PROPERTY ACT

PART 13

AGREEMENT TO LOCATE PROPERTY OF APPARENT OWNER HELD BY ADMINISTRATOR

14-5-1301.  WHEN AGREEMENT TO LOCATE PROPERTY VOID. (1) Subject to subsection (2) of this section, an agreement to locate property held by the administrator is void if it is entered into during the period beginning on the date the property was presumed abandoned by a holder to the administrator and ending twenty-four (24) months after the payment or delivery.

(2)  This section does not apply to an apparent owner’s agreement with an attorney to pursue a claim for recovery of specifically identified property held by the administrator or to contest the administrator’s denial of a claim for recovery of the property.

History:

[14-5-1301, added 2024, ch. 27, sec. 2, p. 213.]